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1248 N Loma Vista Dr, Long Beach, CA 90813
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1248 N Loma Vista Dr Long Beach, CA 90813

$785,000 Sold Price as of 02/09/2021
  • 5 Beds
  • 4 Baths
  • 1,972 Sq.Ft.
Sold
$785,000 Sold Price as of 02/09/2021 Refinance Your Mortgage
Map preview of 1248 N Loma Vista Dr, Long Beach, CA 90813

Property Overview: 1248 N Loma Vista Dr Long Beach, CA has 5 bedrooms, 4 bathrooms, 1,972 living square feet and 5,719 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1248 N Loma Vista 4-unit investment asset in a rapidly up-and-coming neighborhood in Long Beach priced to sell. The property offers (3) one-bedroom/one-bath and (1) two- bedroom/one-bath unit. One of the units has been remodeled with vinyl plank flooring, new bathroom vanities, and modern lighting and fixtures throughout. The fantastic layout of the homes on the lot also features ample parking, great yards and separate meters for gas and electric and currently $4,250 a month. Huge upside to this wonderful investment.

Listed by Damon Burris | BRE #01470087 | Classic Realty of California
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 68

Home details

Lot Sq. Ft
5,719
HOA Dues
$0/mo
Year built
1918
Garage
2 Car
Property Type:
Fourplex
Status
Sold
MLS#
OC20191697
City
Long Beach
County
Los Angeles
Time on Site
1466 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $850
  • Total Rent: $850
  • Pro Forma/Market Rent: $1,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,050
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,425
  • Total Rent: $1,425
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,075
  • Total Rent: $1,075
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $4,250
  • Net Operating Income: $3,350
  • Gross Operating Income: --
  • # of Rented Garages: 2
Annual Expense Breakdown
  • Total Operating Expense: $900
  • New Taxes: $708
  • Trash: $92
  • Insurance: $100

Property Details for 1248 N Loma Vista Dr

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, In Garage, Outside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Asphalt
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Assigned, Carport, Detached Carport, Garage
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 7272004021
  • Year Built Source: Public Records
  • Property is Attached
  • Accessibility Features: None
  • Offered With Property: Any appliances are included in the sale
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Willmore District (WM)
  • Directions: Anaheim to Magnolia heading west; Loma Vista is your first Left and the 4 units are on the right
Neighborhood Information
  • Community Features: Biking, Curbs
View more facts & features

Local Long Beach Agent

Sale History for 1248 N Loma Vista Dr

Last sold for $785,000 on February 9th, 2021

  • February, 2021

  • Feb 9, 2021

    Date

    Sold

    CRMLS: OC20191697

    $785,000

    Price

  • Jan 28, 2021

    Date

    Pending

    CRMLS: OC20191697

    $785,000

    Price

  • Nov 23, 2020

    Date

    Active Under Contract

    CRMLS: OC20191697

    $785,000

    Price

  • Nov 2, 2020

    Date

    Price Change

    CRMLS: OC20191697

    $785,000

    Price

  • Oct 13, 2020

    Date

    Active

    CRMLS: OC20191697

    $800,000

    Price

  • Oct 5, 2020

    Date

    Active Under Contract

    CRMLS: OC20191697

    $800,000

    Price

  • Sep 28, 2020

    Date

    Price Change

    CRMLS: OC20191697

    $800,000

    Price

  • Sep 16, 2020

    Date

    Active

    CRMLS: OC20191697

    $850,000

    Price

  • Sep 14, 2020

    Date

    Coming Soon

    CRMLS: OC20191697

    $850,000

    Price

  • February, 2021

  • Feb 9, 2021

    Date

    Sold

    CRMLS: OC20191535

    $785,000

    Price

  • Jan 28, 2021

    Date

    Pending

    CRMLS: OC20191535

    $785,000

    Price

  • Nov 23, 2020

    Date

    Active Under Contract

    CRMLS: OC20191535

    $785,000

    Price

  • Nov 2, 2020

    Date

    Price Change

    CRMLS: OC20191535

    $785,000

    Price

  • Oct 13, 2020

    Date

    Active

    CRMLS: OC20191535

    $800,000

    Price

  • Oct 5, 2020

    Date

    Active Under Contract

    CRMLS: OC20191535

    $800,000

    Price

  • Sep 28, 2020

    Date

    Price Change

    CRMLS: OC20191535

    $800,000

    Price

  • Sep 16, 2020

    Date

    Active

    CRMLS: OC20191535

    $850,000

    Price

  • Sep 14, 2020

    Date

    Coming Soon

    CRMLS: OC20191535

    $850,000

    Price

  • Listing provided courtesy of CRMLS

    1248 N Loma Vista 4-unit investment asset in a rapidly up-and-coming neighborhood in Long Beach priced to sell. The property offers (3) one-bedroom/one-bath and (1) two- bedroom/one-bath unit. One of the units has been remodeled with vinyl plank flooring, new bathroom vanities, and modern lighting and fixtures throughout. The fantastic layout of the homes on the lot also features ample parking, great yards and separate meters for gas and electric. Huge upside to this wonderful investment.

  • February, 2021

  • Feb 9, 2021

    Date

    Sold (Public Records)

    Public Records

    $785,000

    Price

  • January, 2016

  • Jan 7, 2016

    Date

    Sold (Public Records)

    Public Records

    $580,000

    Price

Show More

Tax History for 1248 N Loma Vista Dr

Assessed Value (2020): $615,500
Year Land Value Improved Value Assessed Value
2020 $424,483 $191,017 $615,500

Home Value Compared to the Market

This property vs the competition

1248 N Loma Vista Dr sold on February 9, 2021 for 4.15% lower than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $398.07 per/sqft which puts the price per square foot 36.61% lower than the current median sale per square foot for the city of Long Beach.

About 1248 N Loma Vista Dr

Detailed summary of property

1248 N Loma Vista Dr is a fourplex that recently sold in Long Beach, CA 90813. This fourplex offered 5 bedrooms, 4 bathrooms, roughly 1,972 living square feet, and sits on an approximately 5,719 square foot lot. 1248 N Loma Vista Dr was first listed on ArdentRealEstateGroup.com on September 14, 2020. The homeowner sold the property for $785,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 4.15% lower than the current median priced home. Local homes that are currently for sale include 1725 E 55th St, 1428 E 59th St and 1622 E.63rd st.. While the average home in Long Beach, CA is selling in 62 days, 1248 N Loma Vista Dr has a days on market of 68 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1248 N Loma Vista Dr Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1248 N Loma Vista Dr

Public county record property details
Beds
5
Baths
4
Year built
1918
Sq. Ft.
1,972
Lot Size
5,721
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,2
APN
7272-004-021

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$560,000
Median List Price/Sq.Ft.
$553
Median Sold Price
$495,000
Median Sold Price/Sq.Ft.
$587
Total Inventory
35
Median Sale to List Price %
99.02%
Avg Days on Market
24
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 1248 N Loma Vista Dr

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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